The profit of Ukrainian banks in January-November 2021 increased by 52% – to UAH 65.728 billion, the press service of the National Bank of Ukraine (NBU) said.
According to the regulator, bank incomes for the 11 months of this year increased by 6.1% against the indicator for the same period last year – up to UAH 243.568 billion. In particular, fee and commission income increased by 32.6% – up to UAH 83.5 billion.
At the same time, the result from revaluation and from sales and purchases was negative and amounted to UAH 2.7 billion, which is 8.4 times less than in the same period last year (minus UAH 22.5 billion).
The expenses of the banking system in January-November 2021 decreased by 4.5% compared to this indicator in 2020 – to UAH 177.84 billion, including deductions to reserves – by 3 times, to UAH 8.3 billion. At the same time, commission expenses increased by 46% – to UAH 31.5 billion.
As reported, Ukrainian banks in 2020 reduced their net profit by 29% – to UAH 41.3 billion, but in the fourth quarter the decline was 63% due to increased allocations to reserves.
